According to the Racing Post, the racing consortium put together by the racing industry to buy the state-owned pool betting company was looking at a ceiling of £250m as the figure, including debt, it could reasonably match. Despite government repeated assurances that racing remains the preferred bidder and no other group is involved in discussions, the betting industry, collectively or individually, may yet present a “considerable obstacle to overcome.”
Betting industry may still challenge racing consortium to buy the Tote
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